Mitsubishi Heavy Industries Marine Machinery & Engine (MHI-MME) and China’s Changzhou Zhonghai Marine Propeller (CZZH) have signed a licencing agreement allowing the former to provide the manufacturing and marketing rights of its marine propellers for CZZH.
This deal marks the first licencing of marine propellers, although the company has previously licenced its marine machineries to Chinese companies, including two-stroke low-speed engines, marine auxiliary boilers, marine turbines and steering gears.
MHI-MME’s collaboration with CZZH is expected to enable Mitsubishi brand propellers to capture an expanded share of China’s enormous market for marine products, the company stated.
The new licence applies to all MHI-MME-designed Mitsubishi advanced propellers (MAP) such as the Mark-W, which delivers outstanding propulsive efficiency.
With this agreement, CZZH aims to meet the Chinese market’s demand for high-performance propellers, while MHI-MME plans to expand its market penetration of Mitsubishi propellers for marine products, MHI-MME said.
In 2012, MHI provided a licence for the production and marketing of deck machinery to Japanese shipbuilder Imabari Shipbuilding, as well as steering gears and deck machinery to China-based Jiangsu Masada Heavy Industries.
Headquartered in the city of Changzhou in Jiangsu Province, CZZH started the production of propellers in 2006.
The company has established a new manufacturing plant this year, which has an annual capacity of around 5,000t.
Image: Representatives from MHI-MME and CZZH during the signing ceremony. Photo: courtesy of MHI-MME.